edgemont gold

Stichting Depositary Plethora Precious Metals Fund Reports Early Warning Report in respect of Edgemont Gold Corp.

Stichting Depositary Plethora Precious Metals Fund (" Plethora ") announces that on June 23, 2021 it has acquired, by way of private placement, 2,000,000 Units of Edgemont Gold Corp. (the " Company ") at a price of $0.25 CAD per Unit, for gross proceeds of $500,000 CAD (the " Transaction "). Each Unit consists of one common share (a " Share ") and one-half of a common share purchase warrant (each whole common share purchase warrant, a " Warrant ") of the Company. Each whole Warrant is exercisable into a Share at a price of CAD $0.35 expiring on June 23, 2022. The Transaction resulted in the acquisition of more than 10% of the issued and outstanding common shares of the Company by Plethora.

Prior to the Transaction, Plethora did not own or control securities of the Company. Following the Transaction, Plethora now owns or controls an aggregate 2,000,000 common shares, and 1,000,000 common share purchase warrants, representing 11.15% of the Company's issued and outstanding common shares on a partially diluted basis. On an undiluted basis, Plethora's ownership after the Transaction represents 7.72% of the Company's issued and outstanding common shares.

In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by Plethora will be filed under the Company's SEDAR Profile at www.sedar.com .

The Transaction was completed for investment purposes. Depending on market and other conditions, Plethora may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.

Plethora is incorporated under the laws of the Netherlands and its head office is located at Prins Hendriklaan 26, 1075HD, Amsterdam, Netherlands. The principal business of Plethora is a Management Fund.

For information, please contact:

Douwe van Hees- Fund Manager
Prins Hendriklaan 26
1075HD, Amsterdam
Netherlands
Phone: +3 16 14 51 46 92

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27).

The data shows a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

Keep reading...Show less
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: GBM Soars on AU$13 Million Raise

Welcome to the first edition of the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

In significant news for Australia's iron sector, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), together with its joint venture partner Hancock Prospecting, said on Tuesday (June 24) that the partners will invest a combined US$1.6 billion to develop the Hope Downs 2 iron ore project in the Pilbara region, Western Australia.

Companies focused on antimony and gold have also been making news this week, such as Resolution Minerals (ASX:RML) announcing its acquisition of the Horse Heaven project in Idaho, US, and Ausgold (ASX:AUC,OTC Pink:AUSGF) signing an agreement to acquire Critica’s (ASX:CRI,OTC Pink:VTMLF) Kulin gold project in Western Australia.

Keep reading...Show less

Latest Press Releases

Related News

×